McCrory signs tax bill
RALEIGH, N.C. — Gov. Pat McCrory signed the 2013 tax bill into law on Tuesday.
According to WRAL, the measure lowers corporate and personal income taxes, but falls short of the more sweeping reform some legislative leaders envisioned at the beginning of the year.
Critics, mainly Democrats and liberal policy groups, have lambasted the tax bill as draining resources from state government. They point to a state budget poised to be passed this week that contains no raises for state employees or teachers as a consequence of the tax measure.
“This tax reform will give teachers making approximately $40,000 to $45,000 a 1 percent increase in take-home pay,” McCrory said. “That’s good news for teachers.”
That doesn’t seem to be borne out by either the tax or budget bills. It would take most teachers without special master’s degrees or national board certifications roughly 20 years to hit a rung on the salary schedule that would have them earning $40,000.
Read More: WRAL